Global house prices are skyrocketing

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CNN has released data showing the synchronised house price boom taking place across rich nations.

According to CNN, real house prices across 37 OECD nations rose by 6.7% in calendar year 2020, which was the fastest pace of growth in 20 years:

House prices across advanced nations

House prices across advanced nations have soared.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.